Royal Bank of Canada Grows Stake in Fidelity Momentum Factor ETF $FDMO

Royal Bank of Canada lifted its position in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) by 185.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,528 shares of the company’s stock after purchasing an additional 28,269 shares during the quarter. Royal Bank of Canada’s holdings in Fidelity Momentum Factor ETF were worth $3,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV boosted its stake in Fidelity Momentum Factor ETF by 18.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,517 shares of the company’s stock valued at $127,000 after buying an additional 231 shares during the period. Cullen Frost Bankers Inc. increased its stake in Fidelity Momentum Factor ETF by 2.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 9,540 shares of the company’s stock worth $801,000 after acquiring an additional 240 shares during the last quarter. Equitable Holdings Inc. increased its stake in Fidelity Momentum Factor ETF by 7.2% in the 3rd quarter. Equitable Holdings Inc. now owns 3,757 shares of the company’s stock worth $312,000 after acquiring an additional 251 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Momentum Factor ETF by 5.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,481 shares of the company’s stock worth $456,000 after acquiring an additional 302 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Fidelity Momentum Factor ETF during the 4th quarter valued at about $26,000.

Fidelity Momentum Factor ETF Trading Up 0.1%

Shares of FDMO opened at $96.89 on Friday. Fidelity Momentum Factor ETF has a 12-month low of $76.63 and a 12-month high of $98.87. The company has a market cap of $968.90 million, a PE ratio of 28.38 and a beta of 1.05. The stock has a 50-day moving average price of $95.02 and a 200-day moving average price of $89.70.

Fidelity Momentum Factor ETF Company Profile

The Fidelity Momentum Factor ETF (FDMO) is an exchange-traded fund that is based on the Fidelity U.S. Momentum Factor index. The fund tracks an index large-cap US stocks selected for positive momentum signals. FDMO was launched on Sep 12, 2016 and is managed by Fidelity.